May 6, 2008

The MICEX Stock Exchange (▒MICEX SE▓ or ▒the Exchange▓) has announced that it has completed its quarterly revision of the composition of the MICEX Corporate Bond Index (MICEX CBI). The new index composition came into effect on May 4 2008 and will remain in force until July 31 2008.

The main Index comprises 37 bonds (from 21 issuers). In addition there are two sub-indices defined by their constituents▓ term to maturity (or the nearest put option). There are 21 bonds (16 issuers) in the sub-index with a term to maturity/put option of 1 to 3 years, and 10 bonds (10 issuers) in the sub-index with a term to maturity/put option from 3 to 5 years. For full details on the new composition of the Index and sub-indices, see below.

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